RBC launches ‘Emerging Markets Foreign Exchange Fund’

RBC Global Asset Management Inc. (RBC GAM Inc.) the asset management division of The Royal Bank of Canada (NYSE:RY) today announced the launch of RBC Emerging Markets Foreign Exchange Fund.

“At RBC Global Asset Management, we continually strive to meet the evolving needs of our clients by providing them with new and innovative investment opportunities,” said Doug Coulter, president of RBC GAM Inc. “Investors and advisors are increasingly looking for well-diversified investment options and we are pleased to leverage our depth of expertise in emerging market currencies with this new fund.”

The Emerging Markets Foreign Exchange Fund is managed by Dagmara Fijalkowski, head of Global Fixed Income and Currencies, and her team of foreign exchange and emerging market experts. The Fund provides investors with access to an award-winning management team with a unique blend of insight and experience and exposure to a portfolio of emerging market currencies. The minimum investment in this low-to-medium risk fund is set at $500.

“Many investors are looking for exposure to emerging markets, but do not have the risk appetite for emerging market equities or emerging market local-currency debt,” concluded Fijalkowski.

For more on the new launch, click here.

To view the fund fact sheet, click here (PDF).

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